According to Section 2(30) of the Companies Act, 2013, identify the correct statement out of the following:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → 'Debenture' includes Debenture Inventory, Bonds and any other securities of a company whether constituting a charge on the assets of the company or not.
Note: It seems that there is a mistake in the original NTA paper, which prints ‘Debenture Inventory’ in Option (1) when it should read ‘debenture stock’, the words of Section 2(30) of the Companies Act, 2013. The NCERT book (2026-27) prints the same slip. Option (1) is still the definition in Section 2(30), so the question can be answered as printed.
NCERT (2026-27 edition):
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